The best place to find Iraqi Laws that have been passed or read is Parliaments website which lists all the laws passed and the readings of the laws. Here is the link :
LINK Just click on the Laws tab and you can see all that you need to.
[tlm724] BondLady and her staff will always give you the truth to the best of our ability. Thank you !
BondLady & Administrator Shredd Chat (sent in by KW) 12/03/2012 LINK
[BondLady] good morning all 1st we will start with some law info found by timmy and her and shredd will begin there chat per those — ty both
[tlm724] ty BondLady ty
[BondLady] yqw
[tlm724] there has been several arts recently telling us what parl has been working on and there was a bill being read that caught my attention
[tlm724] “We will also see the session the second reading of a bill accession of the Republic of Iraq to the establishment of the International Islamic Trade Finance”
[tlm724]
http://alrayy.com/67832.htm [tlm724] here is a link to the ITFC
http://www.itfc-idb.org/ [tlm724] that of course made me look into this we would like to share some of the information that was discovered about this organization — shredd will give you indepth opinion but i will start by saying
[tlm724] there 56 countries in the organization on several continents and Iraq is already listed as a member – now as mentioned in the above article they state “accession” into the Trade Finance Org.
[tlm724] imo Iraq is now prepared to implement and take full advantage of the funds and many advantages of this Org.
[Shredd] yes well, let me set the stage a bit for you all as you know we at BLC focus on the entire picture, not just the dinar but politics economics
[Shredd] the whole picture, right ? so, just like our chat of the banking and investment laws
[Shredd] this accession is huge and I aim to explain this so you walk away knowing some major steps continue to take place
[Shredd] behind the scenes if you will that bring Iraq to a place where they are ready to have a strong dinar in front of them
[Shredd] Ok, this accession of Iraq to the establishment of the International Islamic Trade Finance deserves a bit of explanation for you all.
[Shredd] Trade Finance is the structure behind international trading, so the banks behind the buyer and the seller, obviously the money held and protected by those banks.
[Shredd] the seller, obviously the money held and protected by those banks. International trading refers to obviously importers and exporters but it also includes institutional entities like finance corps and insurance companies……all big dogs in the world of trading folks!
[Shredd] Now, let me explain this entity….
[Shredd] This says the ITFC was formed to consolidate the trade finance business, to increase service delivery efficiency and to enable rapid response to customer needs in a market-driven business environment.
[Shredd] It’s also responsible for providing shariah-compliant trade financing for OIC (Organisation of Islamic Cooperation) member countries, with a particular focus on financing intra-trade between member countries. Iraq has been a member since 1975.
[Shredd] Lastly, they strengthen corresponding banking networks among member countries.
[Shredd] So what the heck does that mean? Well, this is an attractive necessity for investors, underwriters and financial institutions.
[Shredd] This tells them that once investments are established, the trading within them will take place safely, timely, efficiently and correctly due to the oversight of the ITFC.
[Shredd] My bank (a massive, global bank) has gained and lost clients/appointments due to the perception of our ability to do this for them and their investment vehicles, so this is deal-making or breaking stuff.
[Shredd] Trading is the life blood of any investment….moreover, timely, efficient and accurate trading. Portfolio managers need to know they can move underlying components of a portfolio at any given moment, largely due to market conditions.
[Shredd] If that can’t happen, the investments will die the moment the market fluctuates which I’m sure you know happens all the time!
[Shredd] If a trade cannot take place strictly as directed, the show is over. Some trades we strike with traders have to be executed to the minute based on rapid market fluctuations.
[Shredd] So, to see this bill being voted on is awesome to see.
[Shredd] This is yet another “behind the scenes” necessity for Iraq to ascend to a place where investment and banking has a safe place to be….just like the banking and investment laws we talked about last week.
[Shredd] Let me tell you this, I have full access to daily global accounts, massive investment vehicles and products and services that cover every single sector.
[Shredd] You may have heard the credentials from other site leaders, commentators and gurus…..I’m not a currency or day trader or a commentator, I’m a VP in a top 3 international bank and have been with them for ten years.
[Shredd] The entire time I’ve been there, Iraq has been non-existent due to what we all know has been taking place there…..and they still are today.
[Shredd] These banking and investment laws, this assention to the ITFC is absolutely necessary for Iraq to emerge among their peers to welcome global investment and to ensure safe banking and trading is in place.
[Shredd] My hope is that when you gain an appreciation of what is all being accomplished, you will see vital progress, not frustrating stagnation.
[Shredd] A big thank you for Miss T finding this and showing you all so much is and has been moving forward.
[Shredd] Don’t be like the rest of the sites and solely focus on the dinar but see what a wonderful “house” being built for the new, stronger dinar, without the three zeros and with a stronger and growing rate!
[Shredd] will this directly bring us an RV tomorrow?
[Shredd] you all aren’t that absent to think as such im sure
[Shredd] but, these all have to have been done to bring Iraq to the place they need to be [Shredd] you all aren’t that absent to think as such im sure
[Shredd] but, these all have to have been done to bring Iraq to the place they need to be
[Shredd] some say the dinar was supposed to have moved by now as far as the monetary policy and the rate
[Shredd] whether it be via a float, or a continued managed float
[Shredd] but it didn’t did it?
[Shredd] why? well, in part, these things had to be in place first…….
[Shredd] so, be excited we find this being done……great, great progress y’all
[Shredd] that’s it for my initial comments Miss T
[tlm724] ty shredd
[BondLady] ty shredd [Shredd] yw, it’s my pleasure and honor
[Shredd] to be a part of this team
[tlm724] BondLady thank you for this oppotunity to present this
[BondLady] ty ms timmy and shredd
[BondLady] great text of good things coming now this brings us to my part of the chat
[BondLady] which took many efforts to bring it about and id like to thank all involved, one i can’t thank right now but the rest all go to my team of awesome researchers ty all
[BondLady] 1st
[BondLady] i’m going to do something i never do…repeat a rumor that was told to me …so take it as a rumor please…don’t need to bash, i’ve stated it will be a rumor, but because of things my team and i’ve discovered, there could be some truth to things, and then again there might not be…so again…take it as a rumor…
[BondLady] someone told me the currency was printed in the 1st part of november 2012, and was shipped at the end of nov. 2012…. that being said….then we did some dela rue studies…..,
[BondLady] thanks to our timmy for finding these…this was a stockholders meeting from del a rue….
[BondLady] De La Rue issues profit warning after contract delays By Simon NiasWednesday, 14 November 2012 De La Rue’s share price fell more than 5% on Tuesday after it was forced to cut its full-year earnings guidance in its six-month trading update
[BondLady] The world’s largest banknote printer blamed the profit warning on delays to “a number of significant orders which had been expected and planned for production in the second half of the current financial year”.
[BondLady] De La Rue said that it’s financial results for the current year, which were expected to include earnings before interest, tax and amortisation of £82m would now be “similar to those for 2011/12″ when earnings came in at £63m. Chief executive Tim Cobbold told the Financial Times that “the timing of particular orders is sometimes difficult to predict”
.
[BondLady] Shareholders were quick to react to the 23% cut in the firm’s guidance, with 10% initially wiped off De La Rue’s shares before they recovered to close 5.5% down. At the time of writing, De La Rue’s share price was £10.08, down 5.3% on Monday. De La Rue said it was confident the delayed contracts would be received for shipment in 2013/14 and would therefore not adversely impact its plan to achieve an operating profit in excess of £100m in 2013/14.
[BondLady] Meanwhile, the company’s first half sales and operating profit were up, rising 3% to £245m and 5% to £33m respectively. Banknote print volumes were also up 4% at 2.9bn notes, although banknote paper volumes declined 15% to 4,500 tonnes.
http://www.printweek.com/news/1159826/ [BondLady] now……we know whos the master of procrastination right? and to see this in print that de la rue lost basically all its 1st half of profits due to…******
The world’s largest banknote printer blamed the profit warning on delays to “a number of significant orders which had been expected and planned for production in the second half of the current financial year”.********
[BondLady] if this isn’t mainly talking about iraq
[BondLady] i dont know what other country de la rue was doing a major contract for…that they weren’t already to go with per the articles i’ve read vietnam, zamboli etc
[BondLady] they were all ready to go
[BondLady] who delayed there time and again after awarding the contract to de la rue?..iraq
[BondLady] cant blame them for being upset…the timing of orders are difficult to predict…..but they must receive word to print stuff, and when they do they expect to get paid on time and to do the contracts in a timely matter , just like anyone would….now imo and thru the articles also…iraq was about to do something with its currency…what we don’t know yet…as they thrive on not only confusing each other but us as well.
[BondLady] but iraq was set to do something early in the year 2012, some thing happened to delay it, iraq happened…doing its usual freak out to anything new or change….this delayed it to the 2nd part of the year….where i had strong feelings MYSELF ..gut feelings…iraq might try to recreate history again, october 15th 2003 when they released the notes we have now and did it from oct 15th, 2003 thru jan 15th 2004….
[BondLady] so i felt if we had a shot to see what cards they were holding would be around the oct 15th 2012 date…then what happened? arrest warrents for shabibi and many of the employees of the cbi…happened… more delays? maybe…sure seemed like it to me….
[BondLady] then…all of a sudden….laws were passed with the new proxy cbi govenor, which the goi/parl didn’t seem to want to pass for shabibi…why was that? bad blood between the gov an cbi over fed lawsuits filed challenging the independancy of the cbi…
[BondLady] gov wanting funding from the cbi on projects like the port of fao… other
things…wanting the cbi to make up the past budgets deficit’s….things that shabibi had told them from the past…if they wanted to do these things then they needed to build up the economy…thru agriculture, investments, private sector things, tarriffs etc all these things would give the state more funding to function on, and also give them more funding outside of ….just oil…. the goverment is so slow to do anything, it screws up so much progress…and the inner fighting that goes on constantly…its their culture to fight to settle things, and its become a way of life to them to let greed and power drive them….
[BondLady] ….its like if you don’t give me what i want, i won’t give you what you want, even if its at the cost of the people who need the laws passed that would give them a better life…example…
the infrastructure law…giving much needed hospitals an schools and over 1 millon jobs to the people who desperatley need to work and earn livings, and the facilities like hospitals and clinics which they need not only for the sick and people harmed by terrorist attacks on the innocent,
but also the clinics for the mental parts of what happens to the minds of people who are living thru war times, they need help to mentally deal with all they have lost and seen, the children need schools to learn to be self sufficient or terrorist can use there ignorance of not being able to read and write things that could keep them from joining gangs, and terrorist groups..giving them hope for a future, when indeed they have very little now….
[BondLady] and these are just a few examples, theres much more to this…but…to pass this law…one group says we won’t do it unless you pass the amnesty law, which to do that frees a scorge of terrorists and criminals right back out on to the iraqi streets, and brings on more crime…but in the same context…it would also free up people who are innocent and being held on suspitions more than proof..
.the amnesty law does need to be passed for these poor souls, but with amendments so the true criminals find justice for there deeds, not rewarded and released, just to give the people a better life, doom them to a bad one too as more terrorisum attacks and crimes would again run all over them from the same people locked up for them….
[BondLady] ok let me back away from this stuff and get back to what i was talking about …the rumor i shared and then the de la rue stockholders article…..
[BondLady] so then, we see so many articles coming out saying stuff like the budget will be free of 0′s in 2013 etc, many many last week and today all pretty much saying same thing, which kinda aligns with the rumor of the notes being printed and shipped…..
[BondLady] Economic parliamentary: the new year will witness the birth of the new Iraqi currency SUNDAY, 02 JANUARY 1 / DECEMBER 2012 09:45 Twilight News / excluded for economic and investment commission parliamentary, Sunday, that the new year would witness the birth of the new Iraqi currency deleted three zeros,
noting that the Central Bank of Iraq was aspires to equal the value of one dinar per dollar.He said the Commission’s decision Mahma Khalil in an interview with “Twilight News” that “the new year will witness the restructuring Iraqi currency deleting three zeros,
and therefore would not be witnessing the birth of new Iraqi currency because of the government’s refusal to this project,” noting that “the government believes that this work is not of its priorities. “
Khalil added that “the economic and investment commission strongly supported this project with the Governor of the Central Bank because the purpose of it purely economic and is to maintain the Iraqi currency from counterfeiting, damage and fraud.” Khalil pointed out that “there was countries with successful experiences in this area and the re-structure of its currency and deleted some zeros, and we seek to follow suit.”
[BondLady] Khalil said he was “under Article 46 of the Law on the Central Bank of his powers to issue new currency or new categories and maintain the value of the Iraqi dinar against other currencies.” Khalil continued that “the very bank of the move is that the par value of the Iraqi dinar per one U.S. dollar after the deletion of zeros and are blocking the way of fake currency dealers, as well as the new currency was non-perishable easily.”
Referred to the Central Bank of Iraq began Consideration of an amendment dinar categories last year, and is still a big part of the payments being in cash due to the evolution of the banking system.
The Cabinet had decided, in mid-April last year, wait in the application of the deletion of zeros from the national currency. And revealed the Finance Committee in the House of Representatives, last July, the postponement of the deletion of zeros from the Iraqi currency, which the central bank intends to initiate them into the year 2014.
http://www.burathanews.com/news_article_177135.html ************
that article was found by my admin player, [BondLady] then my admin shredd whos also a investment banker…his comments per this article,…. It’s been so easy I think for us to become desensitized to all of the confusion, frustration and misinformation……….but when you continue to see articles like this, it should be very exciting.
If I can quote Bondlady correctly, she has said something like: treat one article as rumor, two articles (saying the same thing) as a possibility, and three or more articles (again, saying the same thing) as probable truth. Remember when we first heard news of Shabibi getting replaced?
We treated that process the same, but after seeing the same news from multiple sources, we knew it to be true.
That all said, guys…..if we can trust what this article is saying, we should be jumping for joy! The new budget, the new year will not have the zeros. What does that mean? The new currency being released…..which by itself would be a very costly activity for absolutely no purpose, unless……unless…..there is a new rate.
Now, in my very humble opinion, if we see the new currency released into circulation as being the first action, we would have to see what this article is saying for a rate….equal one dinar to the dollar. Again, if it would free float and slowly crawl, the new dinar in circulation would not be useful because an iraqi would need three times as much in quantity of dinar to complete any transaction.